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1. Determine whether the proposition A Nash is always Pareto efficient is true and equilibrium explain it. 2. Suppose players 1 and 2 play

1. Determine whether the proposition "A Nash is always Pareto efficient" is true and equilibrium explain it. 2. Suppose players 1 and 2 play rock, paper, scissors. Answer the following questions. a. Indicate a strategy game. b. Prove that choosing each strategy with probability 1/3 is a Nash equilibrium.

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1 It is not necessary for the statement A Nash equilibrium is always Pareto efficient to be true Although conceivable a Nash equilibrium may not always be Pareto efficient A Nash equilibrium is reache... blur-text-image

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